Frontera Energy Corp (FECCF)

[Hasy1]

Huge upside on the way with Guyana oil boom. Spudding soon.

[Huntewr7]

Looks like Frontera will be part of Guyana Oil Boom. Correct me if i am wrong. Could be a real spike in the share price.

[Renee]

PEGFF changed to FECCF:

http://otce.finra.org/DLSymbolNameChanges

[Renee]

Pacific Exploration and Production Corp. changed to Frontera Energy Corp.

http://otce.finra.org/DLSymbolNameChanges

[Renee]

Thank you!! I'll submit the addition change.

[Diamond42]

Reinstatement showing now on Finra Daily list, 20 minutes ago...

http://otce.finra.org/DailyList

[Renee]

PEGFD: Refer to daily list announcement from 11/1/16. Shareholders holding less than 100,000 shares (post consolidation) will be deemed to have their shares cancelled on the effective date and such shares will be of no further force and effect against the Debtor.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Renee]

PEGFQ changed to PEGFD: Per plan, all common shares will undergo a 1 for 100,000 share consolidation. No fractional shares will be issued as a result of the consolidation and any fractional shares otherwise issuable will be rounded down to the nearest whole number with no consideration paid for fractional shares. Shareholders holding less than 100,000 shares (post consolidation) will be deemed to have their shares cancelled on the effective date and such shares will be of no further force and effect against the Debtor.

http://otce.finra.org/DLSymbolNameChanges

[Renee]

PEGFQ changed back to PEGFF effective Nov 2, 2016: Pursuant to the Plan of Arrangement, Each shareholder shall retain its Existing Shares and, following the issuance of the New Common Shares, all of the outstanding Common Shares will be consolidated on the basis of one for each 100,000 Existing Shares. No fractional Consolidated Shares will be issued and any fractional Consolidated Shares otherwise issuable will be rounded down to the nearest whole number with no consideration paid for fractional shares.

http://otce.finra.org/DLSymbolNameChanges

[Renee]

PEGFF changed to PEGFQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

[T.P.G. INVESTMENTS]

PEGFQ

[willlbone]

Restructure debt Canada style same as Chap 11.

[Airdawg Investments]

$PEGFF on the Top 10 Advancers list today!

https://twitter.com/Colwellinvestor/status/716050110602354688

[Timothy Smith]

Pacific Exploration & Production (OTCPK:PEGFF -7.5%) says it reached a forbearance agreement with certain noteholders, giving it more time to achieve a restructuring of its balance sheet.

The deal follows the company's decision last month not to make scheduled interest payments due on the notes and to seek restructuring alternatives.

The agreement is with holders of ~40% of its $4.1B in 5.375% senior notes due 2019 and of its 5.625% senior notes due 2025.

[Renee]

Pacific Rubiales Corp. changed to Pacific Exploration and Production Corp.:

http://otce.finra.org/DLSymbolNameChanges

[Timothy Smith]

Grupo Alfa and Harbour Energy say they will not sweeten their bid for Pacific Rubiales Energy (OTCPK:PEGFF), and defended their C$6.50/share cash bid after proxy advisory firm ISS recommended shareholders reject the proposed deal when they vote July 7.

[stocktrademan]

$PEGFF recent news/filings

bullish

## source: finance.yahoo.com

Wed, 18 Mar 2015 13:34:17 GMT ~ Canada Stocks to Watch: Athabasca Oil, Whitecap, Pacific Rubiales


read full: http://blogs.wsj.com/canadarealtime/2015/03/18/canada-stocks-to-watch-athabasca-oil-whitecap-pacific-rubiales/?mod=yahoo_hs
*********************************************************

Fri, 13 Mar 2015 22:30:00 GMT ~ Pacific Rubiales and Ecopetrol announce mutual decision not to extend Rubiales Field Contract

[PR Newswire] - TORONTO, March 13, 2015 /PRNewswire/ - Pacific Rubiales Energy Corp. (PRE.TO) (BVC:PREC) (BOVESPA:PREB) and Ecopetrol, S.A. (EC) (BVC:ECOPETROL) (ECP.TO) ("Ecopetrol") announced today that they have agreed not to extend the Rubiales and Pirirí Field Association Contracts, expiring in June 2016. Ecopetrol will evaluate different alternatives for the operation of the Rubiales Field. Meanwhile, Pacific Rubiales will consider submitting a new proposal to operate the field after the contract expiry. Pacific Rubiales, a Canadian company and producer of natural gas and crude oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia.

read full: http://finance.yahoo.com/news/pacific-rubiales-ecopetrol-announce-mutual-223000225.html
*********************************************************

Fri, 13 Mar 2015 22:30:00 GMT ~ Pacific Rubiales and Ecopetrol announce mutual decision not to extend Rubiales Field Contract

[CNW Group] - Pacific Rubiales and Ecopetrol announce mutual decision not to extend Rubiales Field Contract

read full: http://finance.yahoo.com/news/pacific-rubiales-ecopetrol-announce-mutual-223000033.html
*********************************************************

Tue, 03 Mar 2015 11:00:00 GMT ~ Pacific Rubiales provides fourth quarter 2014 operational update and highlights additional operating cost reductions

[CNW Group] - Pacific Rubiales provides fourth quarter 2014 operational update and highlights additional operating cost reductions

read full: http://finance.yahoo.com/news/pacific-rubiales-provides-fourth-quarter-110000705.html
*********************************************************

Tue, 03 Mar 2015 11:00:00 GMT ~ Pacific Rubiales provides fourth quarter 2014 operational update and highlights additional operating cost reductions

[PR Newswire] - TORONTO, March 3, 2015 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) today provided an operational update for its fourth quarter 2014 operating results, which includes ...

read full: http://finance.yahoo.com/news/pacific-rubiales-provides-fourth-quarter-110000743.html
*********************************************************

$PEGFF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$PEGFF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/PEGFF/company-info
Ticker: $PEGFF
OTC Market Place: OTC Pink Current
CIK code: not found
Company name: Pacific Rubiales Energy Corp.
Company website: http://www.pacificrubiales.com
Incorporated In: British Columbia, Canada

Business Description: Pacific Rubiales is a public company listed on the Toronto and Colombian stock exchanges. The Company is the largest independent oil and gas exploration and production company in Colombia. Pacific Rubiales owns 100% of Pacific Stratus and Meta Petroleum Limited, two Colombian oil & gas operators which operate and own interests in, amongst others, the Rubiales and Piriri oil fields in Colombia?s Llanos Basin and the La Creciente natural gas field in northern Colombia.The Company is focused on identifying growth opportunities in almost all the hydrocarbon basins in Colombia, as well as in eastern Peru, and Guatemala. The Company has a strong and growing reserve base, and is maximizing future production prospects through its exploration activities.Less >>

$PEGFF share structure

## source: otcmarkets.com

Market Value: $826,058,101 a/o Apr 16, 2015
Shares Outstanding: 269,074,300 a/o Jun 30, 2011
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$PEGFF extra dd links

Company name: Pacific Rubiales Energy Corp.
Company website: http://www.pacificrubiales.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=PEGFF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=PEGFF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=PEGFF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/news - http://finance.yahoo.com/q/h?s=PEGFF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/PEGFF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=PEGFF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/PEGFF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Pacific+Rubiales+Energy+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Pacific+Rubiales+Energy+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Pacific+Rubiales+Energy+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.pacificrubiales.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.pacificrubiales.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.pacificrubiales.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/PEGFF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=PEGFF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=PEGFF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=PEGFF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=PEGFF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=PEGFF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=PEGFF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=PEGFF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/PEGFF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=PEGFF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/PEGFF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=PEGFF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/PEGFF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/PEGFF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/PEGFF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/PEGFF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/PEGFF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=PEGFF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=PEGFF



$PEGFF DD Notes ~ http://www.ddnotesmaker.com/PEGFF

[Timboslice08]

cool

[luvgrowth]

will the 20 percent be strictly from the conversion...yes...

[Timboslice08]

will the 20 percent be strictly from the conversion or will it depend on the financial trade company. I use Etrade

[Timboslice08]

I have a global account already in line

[Timboslice08]

is this a good plan?

[luvgrowth]

Transfer some US $ to Can $ and get 20%...then buy PEG.to at a discount based on currency arbitrage...go PEGFF and PEG.to...

[Timboslice08]

Columbia is going to ensure we are ok

[luvgrowth]

Nice up day today...have a solid starter position here...gl

[Timboslice08]

niiiice find

[Belek]

found this over on Stockhouse BB......

Rubiales Takeover Target in The News ShareHolder Value
Pacific Rubiales SahreHolder Value in Offer Buyout of Shares (PRE)

?. Alfa SAB Buys 20% Pacific Rubiales Buyout Coming. TakeOver

..Pacific Rubiales Energy Corp.Mexico’s Alfa SAB said it’s considering an offer to buy more shares in the Colombian oil producer after months of speculation about a possible takeover.

Shares in Pacific Rubiales jumped 16 percent to 33,740 pesos at 11:54 a.m. in Bogota, the steepest gain since it began trading in December 2009. Alfa, a San Pedro Garza Garcia-based auto parts and petrochemical group, lost 5.1 percent to 39.35 pesos, the biggest drop in Mexico’s benchmark.

After building a 19 percent stake in Pacific Rubiales, Alfa may undertake a tender offer with other partners for the remaining stock, the company said in an e-mailed response to questions. No decision has been made and it may also opt to hold or reduce the stake, the company said. Earlier today, Alfa said it will seek shareholder approval at a Nov. 4 meeting to issue new stock as Mexico opens up its energy industry to private capital for the first time in 76 years.

“They’re getting close to an acquisition,” Fernando Bolanos, an analyst at Monex Casa de Bolsa, said in a telephone interview from Mexico City. “It would be a bit strange if they didn’t do it now that they’re talking about a public offering.”

Alfa boosted its stake in Pacific Rubiales, which also trades in Toronto, to 19 percent, data as of Oct. 16 by Canada based-System for Electronic Disclosure by Insiders show. That’s just below the 20 percent threshold requiring a bid for outstanding shares in most cases under Canadian securities law.

Possible partners

Alfa could “continue buying until it surpasses 20 percent and launch a tender offer, maintain the holding that it has at the moment, or reduce the holding, that until now has been maintained as a financial investment,” the company said in its e-mail. If the company opts for a tender offer, due to the size of Pacific Rubiales “Alfa would seek to form some type of investment consortium to reduce our expenditure,” it said.

The e-mailed response, said the capital increase could be for about $1 billion USD. The group’s push into energy follows a 24 percent slump in the price of crude this year.

Alfa seeks to “capitalize our experience in shale gas, exploration and production of conventional petroleum, as well as electricity generation and sales,” the company said in the earlier statement. “The approval of this capital increase will give us significant financial flexibility.”


Pacific Rubiales said that it signed an agreement with Petroleos Mexicanos to study oil and gas ventures. The producer has more than $1 billion USD ready to invest in Mexico with the aim of doubling oil output by 2020, Chief Executive Officer Ronald Pantin said in an interview last month.......

#1Thedave2006 on Stockhouse Pacific RUBIALES Buyout Takeover target.



Read more at http://www.stockhouse.com/companies/bullboard/t.pre/pacific-rubiales-energy-corp#m5tUXERF6ws0YcVc.99

[Belek]

Kangaroo-2 well flows oil at 3,700 bbl/d from Paleocene intervals, adding to earlier success, in offshore Santos Basin, Brazil

http://www.stockhouse.com/news/press-releases/2015/01/06/kangaroo-2-well-flows-oil-at-3-700-bbl-d-from-paleocene-intervals-adding-to

[Timboslice08]

more great news for Canadian Oil and PEGFF.

The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a day starting in January, according to Calgary-based based ARC Financial Corp. The shipments are growing even without the Keystone XL pipeline, which has been delayed for six years because of environmental opposition.

[Timboslice08]

I absolutely love this company and its future.

[Timboslice08]

Fantastic!

[Belek]

Exploration Update: Kangaroo-2 well tests 3,700 bbl/d light oil from first test intervals, in offshore Santos Basin, Brazil, and successful exploration wells drilled in Colombia and Peru

TORONTO, Dec. 23, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) provided today an exploration update highlighted by initial test results in the Kangaroo-2 appraisal well, located in the shallow offshore, Santos Basin, Brazil.

The Kangaroo-2 appraisal well was drilled in Block S-M-1165, approximately 300 meters (943 feet) up-dip from the Kangaroo-1 discovery well, and confirms a 820 foot gross (442 foot net) oil column in Cretaceous and Paleocene aged reservoirs in the structure. The Company has a 35% participating interest in the wells and five surrounding blocks. Karoon Gas Australia Ltd. (ASX:KAR) ("Karoon") holds the remaining 65% interest and is operator.

As announced in a news release yesterday by Karoon (see Karoon website: www.karoongas.com.au "Kangaroo-2 Appraisal Well Progress Report No. 6"), production testing was conducted over a 36 hour flow period across an initial 27 metre (89 foot) lower interval in the target reservoir. A maximum oil flow rate of 3,360 bbl/d (stabilised rate of 2,300 bbl/d) was achieved through a 44/64" choke with a flowing tubing pressure of 690 psi and a gas-oil-ratio ("GOR") of 620 cf/bbl. Following a 57 hour shut-in pressure build-up period, a second test was conducted with an additional 40 metres (131 feet) opened to flow. In this second test, a maximum flow of 3,700 bbl/d (stabilised rate of 3,300 bbl/d) 38° API oil was attained through a 1" choke with a flowing tubing pressure of 430 psi, a GOR of 650 cf/bbl, with no CO2, H2S, sand or water produced, over a 12 hour test period.


A third test of intervals higher in the reservoir is expected to commence within the next seven days. A decision on a potential side-track program will be made following the completion of testing in the well bore. Karoon is evaluating commercial options and early production strategies for the Kangaroo structure, as a result of these tests.

Following completion of all operations in the Kangaroo-2 well, the rig will move to drill the separate Kangaroo West prospect, located approximately 4.5 kilometres from Kangaroo-2, on the western side of the Kangaroo salt structure.

Ronald Pantin, Chief Executive Officer of the Company, commented:

"We are very pleased with the flow results of the first test interval in the Kangaroo-2 appraisal well, which confirms the significant discovery status of the Kangaroo prospect on our blocks in the offshore Santos Basin, in Brazil. Testing is ongoing, but initial analysis by the operator suggests that reservoir characteristics in the structure are excellent and would support flow rates of 6,000 to 8,000 bbl/d in a vertical producing well, and higher rates in a horizontal well bore. We are looking forward to the results of the additional production testing in Kangaroo-2, and the drilling of the separate Kangaroo West prospect in early 2015.

"The results from Kangaroo-2 complete a very successful year of exploration for the Company. Over 10,000 bbl/d of new net light oil production in Colombia and Peru have been delivered through the drill bit this year from successful exploration wells and we have additional barrels behind the pipe from recently drilled wells. These results demonstrate the quality and value of our exploration portfolio and contribute to our net production which is expected to exit the year at between 151 to 152 Mboe/d."

Exploration Update

Peru – Block 131 (30% working interest)

The Los Angeles-1X well commenced extended testing of the Cushabatay formation on September 18, 2014. The well and operations on Block 131 are operated by Cepsa S.A., who holds the remaining 70% working interest. As of December 18, 2014 the well was producing 2,157 bbl/d of 45° API oil with a 0.01% water cut, GOR of 29 cf/bbl, flowing naturally on a 32/64" choke, with a well head pressure of 235 psi. Over the last three months of the long-term production test, the well has produced over 185.5 Mbbl of oil at an average rate of 2,090 bbl/d. Since discovery, the well has produced a total of 233 Mbbl of oil.

The Los Angeles Noi-3X exploration well spud on December 6, 2014. The well is currently drilling ahead at 5,858 feet with a planned TD of 8,855 feet in the Copacabana Formation. The primary target of this well is the Ene Formation with a secondary target in the Cushabatay Formation.

Colombia – Guatiquia Block (100% working interest)

The Ardilla-1 exploration well spud during the third quarter of 2014. The well reached a TD of 12,825 feet on October 19, 2014. Petrophysical interpretation indicated the presence of 71 feet of net pay including seven feet in the Mirador, 17 feet in the Guadalupe and 44 feet in the Lower Sandstone-1 Unit (with no water contact present). The well was cased and perforated in the upper 14 feet of the Lower Sandstone-1 Unit. Production with an electrical submersible pump commenced on November 7, 2014. Since then, the well has produced a total of 86 Mbbl of 21° API oil at an average rate of 2,038 bbl/d and an average water cut of 5.7%.

The Avispa-2 appraisal well spud on December 14, 2014 and is expected to reach total depth in early 2015.

The Gulupa-1 exploration well spud during the fourth quarter of 2014. The well reached a TD of 10,650 feet on November 29, 2014. The well was cased and perforated in the upper six feet of the Guadalupe Formation. Testing with coiled tubing and nitrogen commenced on December 15, 2014. The well produced a total of 246 bbl of 14° API oil prior to shut-in for a pressure build up on December 17, 2014. Over the flow test period, the well produced at an average rate of 114 bbl/d with an average water cut of 37%, average choke size of 55/64" and average tubing head pressure of 114 psi. Pending the results of pressure transient analysis of the pressure build up data, the well may be perforated in the Mirador formation to test other potential pay zones.

Colombia – Corcel Block (100% working interest)

The Espadarte-1 exploration well spud during the fourth quarter of 2014. The well reached TD of 13,045 feet on November 27, 2014. Petrophysical interpretation indicates the presence of 22 feet of net pay including 20 feet in the Lower Sandstone-1 Unit and one foot in the Guadalupe Formation. The well was cased and perforated in the upper four feet of the Lower Sandstone-1 Unit. Production by natural flow commenced on December 9, 2014. The well has produced a total of 16 Mbbl of 34° API oil at an average rate of 1,629 bbl/d, an average water cut of 3.5%, an average GOR of 46 cf/bbl, with a choke size of 24/64" and tubing head pressure of 135 psi.

Colombia - Chiguiro Oeste Block (100% working interest)

The Matapalos-1D exploration well was spud in the fourth quarter of 2014 and encountered a total of 16 feet of net pay in the Mirador Formation, on petrophysical logs. The Mirador test interval has produced at a maximum rate of 100 bbl/d of 16° API oil (average 50 bbl/d over the 29 day test period) at 96% water cut, through a 28/64" and 64/64" (full open) choke. The well produced a total of 1.5 Mbbl of oil during the test period.

Colombia – LLA19 Block (50% working interest)

The Langur-1X exploration well was drilled during the fourth quarter of 2014 and reached TD at 13,717 feet. The well encountered 14 feet of net pay in the Gacheta Formation on petrophysical logs. Testing of the potential zone is currently underway.

Colombia – Rio Ariari Block (100% working interest)

The Lapon-1D exploration well, located in the far eastern portion of the Rio Ariari Block, spud on December 6, 2014 and reached a TD of 4,240 feet on December 20, 2014. The well encountered a total of 36 feet of net pay calculated on petrophysical logs in the Upper and Lower Mirador Formation. Encouraging oil shows were encountered in the target Mirador Formation.

Pacific Rubiales, a Canadian company and producer of natural gas and crude oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia. Pacific Rubiales has also previously acquired 100% of Petrominerales Ltd, which owns light and heavy oil assets in Colombia and oil and gas assets in Peru, 100% of PetroMagdalena Energy Corp., which owns light oil assets in Colombia, and 100% of C&C Energia Ltd., which owns light oil assets in the Llanos Basin. In addition, the Company has a diversified portfolio of assets beyond Colombia, which includes producing and exploration assets in Peru, Guatemala, Brazil, Guyana and Papua New Guinea.

The Company's common shares trade on the Toronto Stock Exchange and La Bolsa de Valores de Colombia and as Brazilian Depositary Receipts on Brazil's Bolsa de Valores Mercadorias e Futuros under the ticker symbols PRE, PREC, and PREB, respectively.


\

http://www.stockhouse.com/news/press-releases/2014/12/23/exploration-update-kangaroo-2-well-tests-3-700-bbl-d-light-oil-from-first-test

[Timboslice08]

I appreciate the news buddy. gltu also

[Belek]

well the Market is giving its approval, its gives the company a cash buffer,

improves the balance sheet and a positive going forward, let's see what happens over the next few days,,,,,,,could prove fruitful,,,, i'll do more later,,,,jmo good luck

[Timboslice08]

is this good or bad??

[Belek]

Pacific Rubiales announces U.S.$320 million sale of interest in Pacific Midstream to IFC

TORONTO, Dec. 17, 2014 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has executed definitive agreements with the International Financial Corporation ("IFC"), a member of the World Bank Group, the IFC Global Infrastructure Fund ("GIF" managed by the IFC Asset Management Company LLC) and a consortium of investors, whereby it has agreed to sell approximately 43% of its interest in Pacific Midstream Ltd. ("Pacific Midstream"), which holds certain of the Company's pipeline and power transmission assets, for a total consideration of U.S.$320 million.

The agreements will provide the Company with U.S.$240 million in cash, which will be received by year-end. In addition, Pacific Midstream will receive U.S.$80 million in the first quarter of 2015, plus a commitment for an additional U.S.$60 million in cash to develop future infrastructure projects.

Ronald Pantin, Chief Executive Officer of the Company, commented:

"We are pleased to announce this sale, which will significantly improve our cash position and provide additional flexibility as we enter into an uncertain oil price environment in 2015. The participation by IFC underlines the strategic importance and value of our infrastructure assets in Colombia. We will continue to hold a majority interest in Pacific Midstream and capacity rights in its assets, allowing us to maintain the cost advantages that we currently enjoy with respect to crude oil transportation and low cost electricity in our main oil fields in Colombia.

"Our financial and capital strategy is focused on maintaining a healthy balance sheet and ensuring funding for our future growth, while generating strong returns to our shareholders. In light of the current weaker commodity price environment, we continue to evaluate all of our capital expenditure programs and we have additional flexibility to scale back capital spending, as well as opportunities for further cost savings. We will continue to monetize our midstream assets and plan to sell certain non-core E&P assets, the proceeds from which will be used to reduce debt."

About Pacific Rubiales:

Pacific Rubiales, a Canadian company and producer of natural gas and crude oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia. Pacific Rubiales has also previously acquired 100% of Petrominerales Ltd, which owns light and heavy oil assets in Colombia and oil and gas assets in Peru, 100% of PetroMagdalena Energy Corp., which owns light oil assets in Colombia, and 100% of C&C Energia Ltd., which owns light oil assets in the Llanos Basin. In addition, the Company has a diversified portfolio of assets beyond Colombia, which includes producing and exploration assets in Peru, Guatemala, Brazil, Guyana and Papua New Guinea.

The Company's common shares trade on the Toronto Stock Exchange and La Bolsa de Valores de Colombia and as Brazilian Depositary Receipts on Brazil's Bolsa de Valores Mercadorias e Futuros under the ticker symbols PRE, PREC, and PREB, respectively.

http://www.stockhouse.com/news/press-releases/2014/12/17/pacific-rubiales-announces-u-s-320-million-sale-of-interest-in-pacific

[Timboslice08]

Front Page Yahoo link about mexico oil ventures!!

http://www.thestreet.mobi/story/12984974/1/how-mexico-not-saudi-arabia-could-drive-oil-prices-higher.html?puc=yahoo&cm_ven=YAHOO

Should be huge potential for PEGFF

[Timboslice08]

What do we got goin on here? I am officially in

[Belek]

lots of good things happening for Pacific Rubiales, better hurry and jump on board, you'll be glad you did, and make MUCHO $$$$$$ you can take that to the BANK////////////////hurry

[MikTrader]

I see nothing but sell signals here. Buyer beware. Good luck.

[MikTrader]

I see this dropping to 18.5. Lots of sell signals here. Buyer beware. Good luck.

[Belek]

i'm in, looks like some interest starting to build all oscillators

giving a Buy signal, especially the VTX good sign ,,snap em up

[Soapy Bubbles]

DOH! Missed the pop. Damn it.

[Soapy Bubbles]